First big policy test for NSW Labor is budget repair
The Minns government has a major task ahead of it to stabilise NSW’s growing debt and avoid a credit downrating for the second most debt-burdened state.
The New South Wales budget on September 19 will be the first big policy test of the state’s new Labor government.
The test is not just whether they shift the trajectory of deficits and debt, but how they do it – while managing the soaring cost of major infrastructure projects and the consequences of rash election promises, such as removing the cap from public sector wage increases.
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Robert Carling is a Senior fellow at the Centre for Independent Studies, and a former IMF and federal and state Treasury economist.
